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Harvest pressure is hitting the corn market as the U.S. harvest progress is at 4% today, Pattie Uhrich of CHS Hedging said. The corn is showing a condition of 58% good-to-excellent, down one point from last week.

That pressure isn’t surprising to Oliver Sloup, but some of it might be “baked into the cake,” he said. “The sellers might have already sold, but the lack of follow through in this week is a caution flag.”

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Some chatter is out there about lower test weights in early harvested corn in Illinois and Southern Minnesota, said Patti Uhrich of CHS Hedging.

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